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What is the main objective or reason of doing business?
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[QUOTE="Kendy, post: 216770, member: 63869"] Undeniably, one of the major objectives of engaging in any business venture is to maximize maximise profits or gain. There is no business owner or entrepreneur who sets up a business to incur losses. The major aim of any business is rooted on the foundation or bedrock of maximising profit and minimising cost. In most businesses startup, it is not always possible to make profit at the beginning because you are still trying to make your products or services known to the specific or target audience but with time and with gradual creativity innovation and persistence in the business, you would be able to have a rooted foundation and also enhance your customer retention skills. Also, there are other objectives of starting a business apart from the profits, although it remains the top most priority. Other objectives of starting a business could include to make an impact in the community or the world at large and to make your products become or household item and also to reach out in educating people about a particular product and how it should be used in solving a particular problem. One other objective of a business setup is to reach out to the needs of the society and to balance the gap between demand and supply. [/QUOTE]
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What is the main objective or reason of doing business?
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